Whale 'Set 10 Big Targets First': Under Multiple Macro Headwinds, BTC Only Pulled Back About 5%, Will Continue Holding If It Does Not Fall Below $79,000

BlockBeats news, October 9: Whale "First Set 10 Big Targets" (@jasonleo) posted late at night sharing that the most noteworthy aspect of this BTC pullback is not the decline itself, but "why it only fell this much." He pointed out that the 30-year U.S. Treasury yield recently approached 5.7%, the 10-year U.S. Treasury yield was about 5.3%, market expectations for another rate hike within the year are heating up, and oil prices and inflation pressures are picking up again. Despite multiple macro bearish factors stacking up, BTC has currently only pulled back about 5%.

jasonleo believes that the price reaction to news is itself important information. In the past, when a single macro bearish factor appeared, BTC could see a decline of more than 10%, while this round, under the combined pressure of multiple bearish factors, the price still has not shown obvious damage, which instead indicates that the current upward trend has a certain resilience. He compared the current price action with BTC's previous bottom market near $58,000, arguing that both have the characteristic of "selling pressure weakening after bearish factors are fully released," but the current market is still in a strong trend.

He said that he currently does not believe BTC will directly fall to $78,000 or even $74,000, and will use $79,000 as a position-reduction observation level: if BTC falls below $79,000, he will begin reducing positions; if the daily close falls below $78,000, all remaining long positions will be exited, waiting for the next entry opportunity; if the key level is not broken, he will continue to hold long positions.